Peter, I guess it comes down to your deffinition of traditional farming. I grow corn, seed corn, dark red kidney beans, potatoes, soybeans and rye. I have grown many other crops over the years and the fact remains that, while you can save seed and grow it the next year, you are sacrificing some yield each year as you get farther away from the original "parent seed" that you started with. In my operation we purchase new seed each year as we have proven that it pays. If you are again refering to cotton, as I have stated, I know nothing about it.
I might add that kidney beans and potatoes are not produced with GM seed. And to be technically correct, potatoes are grown from tubers not seed.
I won't argue that Monsanto is motivated by money, but what large corp in the world isn't?